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Electronic Arts Gets Acquisitive

The video game software giant buys U.K.-based Criterion Software for undisclosed amount.

Spider-Man 2 Catapults Ailing Game Industry

The lackluster video game sector gets a shot in the arm from the release of the new version of the comic-book hero's game.

Another Video Game Maker On the Ropes

Acclaim's possible bankruptcy is another indication of upcoming consolidation in the industry.

They Got Gamemakers?

Four of the software makers say they have been contacted in a revenue-recognition probe.

Earnings Worries Hit Stocks

The Dow ends down 1%, while the Nasdaq sheds 1.6%.

Breaking News

Gap Stock Slumps On Wider Q1 Loss, Grim Profit Outlook As Shoppers Shun Casual Apparel

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

Big Lots Stock Crumbles After Surprise Q1 Loss As Inflation, Gas Price Surge Bites Spending

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

Costco Beats Q3 Sales Forecast, Membership Revenues Near $1 Billion

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.